Gerald T. Garvey

Blackrock

Managing Director

Level 37, Chifley Tower

2 Chfiley Square

Sydney, NSW 2000

Australia

SCHOLARLY PAPERS

18

DOWNLOADS
Rank 3,351

SSRN RANKINGS

Top 3,351

in Total Papers Downloads

8,972

CITATIONS
Rank 4,680

SSRN RANKINGS

Top 4,680

in Total Papers Citations

112

Scholarly Papers (18)

1.

The Management of Corporate Capital Structure: Theory and Evidence

Number of pages: 32 Posted: 13 Jan 1997
Gerald T. Garvey and Gordon R. Hanka
Blackrock and University of Texas at Austin - Department of Finance
Downloads 4,632 (1,169)
Citation 1

Abstract:

2.

Do Stock Prices Incorporate the Potential Dilution of Employee Stock Options?

Number of pages: 37 Posted: 17 Apr 2001
Gerald T. Garvey and Todd T. Milbourn
Blackrock and Washington University in Saint Louis - Olin Business School
Downloads 999 (16,219)
Citation 14

Abstract:

Employee stock options, dilution, market efficiency

3.

Agency Problems are Ameliorated by Stock Market Liquidity: Monitoring, Information and the Use of Stock-Based Compensation

EFA 2002 Berlin Meetings Presented Paper; UNSW School of Banking and Finance Faculty of Commerce
Number of pages: 51 Posted: 16 Feb 2002
Gerald T. Garvey and Peter L. Swan
Blackrock and University of New South Wales (UNSW Australia)
Downloads 735 (25,029)
Citation 6

Abstract:

Pay-performance sensitivity, Executive options; Incentives; Liquidity; Information content; Monitoring, Bonus schemes

4.

Asymmetric Benchmarking in Compensation: Executives are Paid for (Good) Luck But Not Punished for Bad

AFA 2004 San Diego Meetings
Number of pages: 39 Posted: 12 May 2003
Gerald T. Garvey and Todd T. Milbourn
Blackrock and Washington University in Saint Louis - Olin Business School
Downloads 646 (29,531)
Citation 78

Abstract:

Compensation, Benchmarking

5.

Executive Stock Options and the Mediation of Stockholder-Bondholder Conflicts

University of British Columbia FIN98-7
Number of pages: 30 Posted: 18 Aug 1998
Gerald T. Garvey and Amin Mawani
Blackrock and York University - Department of Accounting
Downloads 512 (41,723)
Citation 3

Abstract:

6.

What is an Acceptable Rate of Return for an Undiversified Investor?

Number of pages: 24 Posted: 21 Sep 2001
Gerald T. Garvey
Blackrock
Downloads 479 (42,794)
Citation 4

Abstract:

Illiquid Asset, Marketability Discount, Diversification

7.

Market-Indexed Executive Compensation: Strictly for the Young

Number of pages: 28 Posted: 06 Jun 2001
Gerald T. Garvey and Todd T. Milbourn
Blackrock and Washington University in Saint Louis - Olin Business School
Downloads 370 (61,888)
Citation 1

Abstract:

Executive Compensation, Risk, Relative Performance Evaluation

8.

Multidimensional Competition on NASDAQ: Did Traders Gain When Dealers Stopped Avoiding Odd-Eighth Quotes?

Number of pages: 16 Posted: 31 Jul 1996
Gerald T. Garvey and Michael S. McCorry
Blackrock and affiliation not provided to SSRN
Downloads 149 (153,762)

Abstract:

9.

How Well Do Investors Process (More Subtle) Information? The Case of Employee Stock Options

Number of pages: 38 Posted: 20 Mar 2007 Last Revised: 04 Dec 2008
Jian Cai, Gerald T. Garvey and Todd T. Milbourn
Washington University in St. Louis, Blackrock and Washington University in Saint Louis - Olin Business School
Downloads 48 (307,800)

Abstract:

Stock options, dilution, limited attention, information disclosure

10.

What Will it Do for My EPS? An Unflattering But Powerful Motive for Mergers

Number of pages: 53 Posted: 06 Jun 2010 Last Revised: 06 Jan 2014
Gerald T. Garvey, Todd T. Milbourn and Kangzhen Xie
Blackrock, Washington University in Saint Louis - Olin Business School and Seton Hall University, Stillman School of Business
Downloads 28 (339,921)

Abstract:

11.

Risk-taking Incentives of Executive Stock Options and the Asset Substitution Problem

Accounting and Finance, Vol. 45, No. 1, pp. 3-23, March 2005
Number of pages: 21 Posted: 02 Feb 2005
Gerald T. Garvey and Amin Mawani
Blackrock and York University - Department of Accounting
Downloads 22 (419,761)
Citation 5
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Abstract:

12.

A Pitfall in Ethical Investing: ESG Disclosures Reveal Vulnerabilities, Not Virtues

Number of pages: 20 Posted: 20 Sep 2016
Blackrock, Blackrock, Blackrock, Algert Global, LLC and Blackrock
Downloads 0 (170,358)

Abstract:

Social Responsibility; Controversies

13.

Incentive Compensation when Executives can Hedge the Market: Evidence of Relative Performance Evaluation in the Cross Section

Journal of Finance, Vol. 58, pp. 1557-1582, August 2003
Posted: 03 Jan 2004
Gerald T. Garvey and Todd T. Milbourn
Blackrock and Washington University in Saint Louis - Olin Business School

Abstract:

14.

Noise Pollution: Why Optimal Contracts Expose Managers to Short-Term Market Movements

Posted: 07 Sep 1999
Gerald T. Garvey, Simon Grant and Stephen P. King
Blackrock, Rice University - Department of Economics and Monash University - Department of Economics

Abstract:

15.

Marketable Incentive Contracts and Endogenous Management Objectives

Posted: 06 Sep 1999
Gerald T. Garvey
Blackrock

Abstract:

16.

How Brokers Facilitate Trade For Long-Term Clients in Competitive Securities Markets

JOURNAL OF BUSINESS, January 1995
Posted: 20 Dec 1998
Michael J. Aitken, Peter L. Swan and Gerald T. Garvey
Macquarie Graduate School of Management, University of New South Wales (UNSW Australia) and Blackrock

Abstract:

17.

Stock Market Liquidity and Optimal Management Compensation: Theory and Evidence

Posted: 10 Oct 1998
Gerald T. Garvey, Peter L. Swan and Michael S. McCorry
Blackrock, University of New South Wales (UNSW Australia) and affiliation not provided to SSRN

Abstract:

18.

Incentives for Helping on the Job: Theory and Evidence

Posted: 08 Oct 1996
Gerald T. Garvey and Robert W. Drago
Blackrock and Pennsylvania State University - Department of Labor Studies and Industrial Relations

Abstract: